STONEGATE ARTS & EDUCATION CENTER INC

EIN: 475329503 501(c)(3) Community Improvement

BEDFORD, IN

Total Revenue
$183,278
Total Expenses
$205,516
Total Assets
$158,046
Net Assets
$151,051
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
2015
Legal Domicile
IN
Principal Officer
DUANE EMBREE
Phone
8122798126
Tax Period
2024-01-01 to 2024-12-31

STONEGATE ARTS & EDUCATION CENTER INC, founded in 2015, is a small nonprofit in the Community Improvement sector that reported $183K in total revenue in fiscal year 2024. Revenue grew 16% year-over-year, indicating healthy expansion. Expenses of $206K exceeded revenue, resulting in a 12% operating deficit.

Mission

THE MISSION OF STONEGATE ARTS & EDUCATION CENTER IS TO INSPIRE STUDENTS, EDUCATORS AND THE COMMUNITY IN THE PURSUIT OF EDUCATION AND THE ARTS; TO FOSTER AND PROMOTE WORKFORCE, BUSINESS AND COMMUNITY DEVELOPMENT WITHIN LAWRENCE COUNTY, INCLUDING OFFERING START-UP INCUBATOR SPACE TO DEVELOPING BUSINESSES; TO IGNITE CURIOSITY AND EXCITEMENT THROUGH INNOVATIVE PROGRAMS; TO PROMOTE ACTIVITIES IN MATH, SCIENCE, AND TECHNOLOGY; AND SUCH OTHER AND FURTHER POWERS, PRIVILEGES AND RESPONSIBILITIES.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $123,550
Program Service Revenue $57,563
Investment Income $2,000
Other Revenue $165
TOTAL REVENUE $183,278

Expense Breakdown

Grants Paid $0
Salaries & Benefits $112,365
Fundraising Expenses $7,309
Program Expenses $109,190
Other Expenses $93,151
TOTAL EXPENSES $205,516

Year-over-Year Comparison

2024 2023 Change
Revenue $183,278 $157,573 +0.2%
Expenses $205,516 $210,365 0.0%
Net Income $-22,238 $-52,792 -0.6%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
9
Independent Members
9
Employees
3
Volunteers
10

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
1
$0
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SAM CRAIG DIRECTOR 1.00
Director
$0 $0 $0
DUANE EMBREE PRESIDENT 1.00
Officer Director
$0 $0 $0
SHAWNA GIRGIS DIRECTOR 1.00
Director
$0 $0 $0
ANAH GOUTY DIRECTOR 1.00
Director
$0 $0 $0
JULIE HEWETSON DIRECTOR 1.00
Director
$0 $0 $0
JESSICA JONES DIRECTOR 1.00
Director
$0 $0 $0
STEWART RARIDEN DIRECTOR 1.00
Director
$0 $0 $0
STEVE UNDERWOOD DIRECTOR 1.00
Director
$0 $0 $0
NATHAN WATSON DIRECTOR 1.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 No data No data No data No data
2024 $183,278 $205,516 $158,046 $-22,238
2023 $157,573 $210,365 $192,576 $-52,792
2022 $149,229 $188,214 $245,462 $-38,985
2021 $150,977 $154,387 $283,581 $-3,410
2020 $244,562 $165,561 $284,333 $79,001
2019 $240,358 $203,299 $201,539 $37,059
2018 $254,035 $329,696 $172,068 $-75,661
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